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It’s a Steal: A New York Penthouse for ‘Only’ $37.5 Million

At 252 East 57th Street, the unit is seeking far less than penthouses at neighboring Billionaire’s Row condominium towers.

By

Katherine Clarke

Oct. 18, 2017 10:48 a.m. ET

A penthouse apartment on East 57th Street will come on the market for $37.5 million, far less than penthouses at neighboring Billionaire’s Row condominium towers.

The pricing comes amid a slowdown at the highest echelons of New York real-estate. “Our developers have always been strategic and realistic about pricing,” said Pamela D’Arc, the sales director for the building.